{"id":89520,"date":"2025-10-02T16:05:00","date_gmt":"2025-10-02T13:05:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89520"},"modified":"2025-10-02T16:08:35","modified_gmt":"2025-10-02T13:08:35","slug":"monthly-perp-dex-volume-tops-1trn","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/monthly-perp-dex-volume-tops-1trn\/","title":{"rendered":"Monthly perp-DEX volume tops $1trn"},"content":{"rendered":"

Monthly trading volume on decentralised exchanges<\/a> for perpetual futures surpassed $1trn for the first time, according to DeFi Llama<\/a>.\u00a0<\/p>\n

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September\u2019s figure was $1.143trn \u2014 50% higher than in August. Source: DeFi Llama.<\/figcaption><\/figure>\n

Most of the volume went to Aster \u2014 $493bn. Hyperliquid<\/a> \u2014 the former segment leader \u2014 ranked second with $280bn. Also in the top three was Lighter, launched in April, with $165bn. The venue earlier announced<\/a> the launch of its mainnet. \u00a0<\/p>\n

The Aster phenomenon\u00a0<\/h2>\n

Aster showed the biggest surge in trading volume. Over the month, the platform\u2019s figure jumped from $9bn to $420bn. The exchange\u2019s TVL<\/span> rose more than sixfold \u2014 from $340m to $2.2bn.\u00a0<\/p>\n

The frenzy was sparked by active discussions<\/a> of Binance founder Changpeng Zhao\u2019s (CZ) possible involvement in creating the platform. The community suggested the entrepreneur might have launched a DEX in the BNB Chain ecosystem in response to Hyperliquid\u2019s success.\u00a0<\/p>\n

He later commented on<\/a> the rumours, saying that several former Binance employees work at Aster and that YZi Labs owns a minority stake in the venue. Amid the hype, the exchange even topped DeFi Llama\u2019s protocol ranking by fees, ahead of Tether and Circle.\u00a0<\/p>\n

At the time of writing it had slipped to second place, at $148m over the past 30 days.\u00a0<\/p>\n

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Source: DeFi Llama<\/a>.\u00a0<\/figcaption><\/figure>\n

Hyperliquid ranks fifth on this metric. Over the month, the platform\u2019s fees totalled $87m.\u00a0<\/p>\n

On 17 September Aster also launched its eponymous token. Since then, its price has risen by more than 1,600% \u2014 from $0.09 to $1.8 \u2014 at an FDV<\/a> of $14bn.\u00a0<\/p>\n

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Hourly chart, ASTER\/USDT on Bybit. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

ASTER\u2019s market capitalisation reached $2.9bn. Earlier, experts predicted<\/a> that the asset would soon overtake Hyperliquid\u2019s HYPE on this metric. For now, it remains far behind \u2014 the rival\u2019s market value exceeds $13bn, according to CoinGecko<\/a>.\u00a0<\/p>\n

Meanwhile, Justin Sun announced the launch of a perp-DEX on TRON.\u00a0<\/p>\n

\n

Amazing first day!\ud83d\ude4c<\/p>\n

Great to see @Trondao<\/a> lead the way as Title Sponsor at @Token2049<\/a> and get the opportunity to share the launch of @Sunperp_Dex<\/a> with the community today! https:\/\/t.co\/R8Z8UQYp8O<\/a><\/p>\n

\u2014 H.E. Justin Sun \ud83d\udc68\u200d\ud83d\ude80 \ud83c\udf1e (@justinsuntron) October 1, 2025<\/a><\/p><\/blockquote>\n